Categories: Business

Capital and bond market service providers will continue to work even during the extended period of lockdown, SEBI clarified

Capital, debt market service providers to remain operational during lockdown

new Delhi. The Securities and Exchange Board of India (Sebi) said service providers associated with the capital and bond markets would continue to operate even during the extended period of lockdown. The government has extended the bandh in the country till 17 May. The central government on Friday announced to extend the nationwide bandh two weeks after May 4.

Interstate transport, air and rail travel will remain suspended during lockdown. However, there are some concessions based on the area of ​​influence of the corona virus. As per the guidelines of the Ministry of Home Affairs, SEBI and the shares, capital and bond markets notified by it and its related service providers will continue to operate during this period.

The lockdown relieves stock exchanges, settlement corporations, depositories, mutual fund companies, asset management companies, stock brokers, settlement-depository-linked traders and share transfer agents.

Apart from this, credit rating agencies, debenture trustees, foreign portfolio investors, portfolio managers, alternative investment funds and investment advisors will also continue to work. Market regulator Sebi said the order is valid for two weeks after May 4.

This post was published on May 4, 2020 9:11 pm

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